Indian jewellers promote natural diamonds amid competition from lab-grown stones

Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.

Yesterday

Ethiopia opens first gold refinery to serve region

Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...

Yesterday

Anglo American bets R11.2B on South African mining's future

Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...

Yesterday

Nornickel forecasts $4 billion in precious metals revenue for 2026 - report

A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.

Yesterday

Russia to build first permanent REM magnet plant

In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...

Yesterday

The power of jade

08 june 2023

(ft.com) - Jade has been treasured in China for millennia, both as a rare gem considered more precious than gold or diamonds and as a store of wealth believed to possess powerful talismanic properties. Now the Stone of Heaven is making its presence felt in western jewellery. Jade is a generic cover-all term for two distinct minerals: jadeite and nephrite. They are among the toughest, strongest minerals on earth. About 5,000 years ago, nephrite, the more common and more opaque variety, was used for tools, weapons, ritualistic objects and burial ornaments. Jadeite, which is far rarer and lustrously translucent, only arrived in China in the 18th century, making its way there from the mines of Burma (now Myanmar). It took until 1863 to be recognised as a separate mineral, designated jadeite. The finest specimens, with their mesmerising emerald-green hue, were the prerogative of the emperor and his royal court, resulting in the term “imperial jadeite”.